Is there even a point to raising level caps?

[Shiyo]

They just need to do it like FFXI, raise the level cap before the first expansion, then keep it there forever. FFXI did it perfectly, I do NOT want WOW style of level cap increases. Having to level 10-5 levels every expansion and all old content becoming useless/waste of time is horrible.

I also want merits! Merits were a great idea, and gave me things to do with my gear other than "get more gear". Meriting was fun, one of the things I enjoyed most @ 75 ^-^